Students of American history will recall that the important place where work gets done in the legislative body, almost without exception, is in the committees, more so than on the floor although sometimes more attention is paid to the floor.

That is what has happened to the United States in the international economic scene. We have deteriorated into a debtor status so that we are now dependent upon the kindness of strangers. That is not where the world's leading power should find itself.

We are confronting a situation in which the Administration, in my view, is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy.